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Tax payers News

18 Aug 2023

DNA: Good news has come in SBI report, common man will be rich

DNA: Good news has come in SBI's report, SBI continues to report on increasing the income of the common man.

Income Tax Calculator 2023-24

01 Feb 2023

Income Tax Calculator 2023: Here is how to Calculate Personal Income Tax

Union Budget 2023-24 will be presented on Feb 1. Taxpayers will also have an eye on the budget, scroll down for the direct link and detailed procedure to calculate Income Tax

Income Tax Calculator 2023-24

27 Jan 2023

Income Tax Calculator 2023: Steps to Calculate Your Personal Income Tax Here

Everyone is thinking about "how to submit income tax," thus we are providing you with a straightforward income tax calculator, scroll down for the direct link and steps to calculate Income Tax

25 Jan 2018

GST taxpayer base crosses one-crore mark

"One crore taxpayers have been registered under the GST till January 24, of which 17.11 lakh are composition dealers," an official statement said.

06 Nov 2017

Govt may review monthly GST return filing process

Presently, businesses have to file returns in GSTR-1, GSTR-2 and GSTR-3 forms for every month. These forms detail outward supplies of taxable goods and/or services, inward supplies for claiming input tax credit and monthly return.

Aadhaar-PAN linkage

25 Aug 2017

Deadline for Aadhaar-PAN linkage to stay: UIDAI CEO

The government had mandated linking of PAN with Aadhaar by the extended deadline of August 31.

30 Jun 2017

July 1 to be observed as GST Day: CBEC

As India transits to a new era with rollout of GST, the government is leaving no stone unturned for a smooth switchover and has asked tax offices to convert into GST Seva-Kendras to provide all assistance to tax payers.

11 Jun 2017

I-T's just a click away; tax scrutiny reply set to get easier

Replying to income tax scrutiny notices with supporting documents will soon be just a click away.

08 Feb 2017

CBDT issues certificates of appreciation to nearly 3.74 lakh tax payers

The total number of certificates issued by CBDT now stands at approximately 23 lakh.

30 Dec 2016

An overview of highest tax payers of FY 2016-17

27 Dec 2016

24 lakh people have income above Rs 10 lakh but 25 lakh cars bought every year

India has just 24.4 lakh tax payers who declared an annual income of over Rs 10 lakh yet 25 lakh new cars, including 35,000 luxury cars, are being bought every year for last five years, a top official said.

Income Tax department

22 Dec 2016

Income tax department identifies 67.54 lakh potential non-filers for 2014-15

The income tax department has conducted the fifth cycle of data matching which has identified an additional 67.54 lakh potential non-filers who have carried out high value transactions in the financial year 2014-15 but did not file return of income for the relevant assessment year i.e. A.Y 2015-16.

World Bank report on Doing Business

09 Dec 2016

India expresses reservations over World Bank report on Doing Business

India has expressed reservations on World Bank's 'Doing Business Report' where it has been ranked 172 amongst 190 countries, Finance Minister Arun Jaitley said Friday.

05 Jul 2016

Relief for taxpayers: No recovery during pendency of stay

In a relief to tax payers, the government has asked taxmen not to proceed with recovery of a 'confirmed' demand in relation to indirect taxes during pendency of stay applications.

06 May 2016

Dividend tax only on dividend income above Rs 10 lakh

The new 10 percent Dividend Tax will be payable only on dividend income over and above Rs 10 lakh threshold in a year, according to an amendment to the Finance Bill 2016 approved by Lok Sabha.

Tax communication

05 Feb 2016

Tax deptt issues guidelines for e-communication to assessees

To ease communication with the Income-Tax department, the government has allowed tax payers to reply to notices using their registered email address.

08 Dec 2015

Income Tax department to use email for issuing notices

04 Oct 2015

We do not withhold refunds or scrutinise small taxpayers: CBDT

The Income Tax department does not withhold refunds of small taxpayers nor does it generally select their tax returns for scrutiny and detailed analysis, the CBDT has said in an attempt to dispel two of the biggest concerns of this category of assesses.

03 Oct 2015

Black money: Those with unaccounted wealth abroad to face action, warns FM Jaitley

The finance minister said honest taxpayers need not fear and pointed out that of the over five crore assesses, only three lakh cases were taken up for scrutiny through a random process.

22 Nov 2014

Jaitley against burdening salaried, middle class; may raise tax exemption limit

Finance Minister Arun Jaitley on Saturday said that he does not favour burdening the salaried and middle-class with more taxes but would go after the evaders in widening the net.

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